Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go karts: Deluxe and Basic Activity Expected Costa Expected Activity Handling materials 5695,000 100,000 parts Inspecting product 970,000 1,500 batches Processing purchase orders 175,000 700 orders Paying suppliers 245,000 500 invoices Insuring the factory 370,000 40,000 square feet Designing packaging 145,000 2 models Required: 1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. Hequired Required 2 > Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costa $695,000 970,000 175,000 245,000 370,000 145,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: 1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours 2. In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours, Assign overhead costs to each model using the single plantwide overhead rate Complete this question by entering your answers in the tabs below. Required 1 Required 2 In January of this year, the Deluxe model required 2.500 direct labor hours and the basic model required 6,000 direct labor hours, Assign overhead costs to each model using the single plantwide overhead rate. (Round "OH cost answers to 2 decimal places.) Total DL Hours Plantwide OH Total Overhead required Rate Cost Deluxe model Basic model